Operational Risk Management & Techniques Training

Program Date

15 Apr 19 Apr 2024

Program Location

Ashgabat, Turkmenistan

Program Venue

Ak Altyn Hotel

Registration Closing Date

29 Feb 2024

Program Overview

Recent events in the world have brought the subject of risk into a higher profile. Evaluating the range of available risk management techniques and choosing the most appropriate response in each case is an increasingly significant element of managerial responsibility in today’s business environment.

This program brings techniques, practices, and lessons learned for effectively identifying, understanding, managing, and mitigating risks, simulation environment component deployments, represents unprecedented challenges and requires effective risk management with a touch on the multi-level risk management.

The fundamental purpose of this workshop goes beyond risk management processes as such and learning how to weave effective risk management practices, techniques, and methods into all aspects of migrating into the next generation of modern Risk control.

Operational Risk Management & Techniques Training in Ashgabat, Turkmenistan is also intended to leverage and extend the risk management experience of the participants by looking for common best practices and unique processes that have been especially successful. This workshop assessed the effectiveness of tools and techniques that are or could be helpful in risk management, with a special emphasis on how practice meets process.

Target Audience

This program is designed and highly beneficial for:

Professionals in audit, risk management and compliance
Business leaders & members of Boards.
Enterprise Risk Managers, PMO Managers, Risk And Quality Control Managers
Risk Officers & Product Control Managers
Compliance Managers, Value Managers, Business Strategy Managers
Anyone interested in Risk Management Field.

Program Objectives

By the end of this course you will be able to:

Define and understand risk management terminology in the context of participants working place
Identify top risks and share existing practices and methodologies
Understand how risk management practices and methodologies can be appropriately tailored to the level of risk associated with the activity
Share lessons learned from past management of risk activities
Discuss who should be responsible for various classes of risk and what are appropriate risk-sharing strategies
Establish communication paths for managerial and technical staff at multiple sites to continue the discussion on effective risk management practices.

Program Contents

The Nature of Risks

Knowing risks
Characteristics of risk
Risk vs. opportunity
Benefits of risk management

Management Process

Integrating risk management into the project planning process
Roles and responsibilities in managing risk
Success factors in effective risk management
The risk management process steps

Planning

Planning to avoid failures
Engaging stakeholders
Setting up a framework for addressing risk
Project risk workshops

Risk Identification

Principles of identifying risk
People-oriented techniques
Tools-oriented techniques
The risk breakdown structure
Defining risks correctly and accurately
Establishing a risk register

Analysis

Qualitative methods for analyzing risks
Defining probability scales
Assessing impact of risks on project constraints
Determining expected value of risk
The PERT method
The Buffer method
Monte-Carlo simulation

Prioritization

Qualitative ranking methods
Quantitative ranking methods
Using filtering to segment risks
The comparative risk ranking technique
Updating the risk register

Risk Response Strategies

Response strategies for threats
Defining preventive actions
Creating contingency plans
Defining risk response triggers
Integrating risk responses into the project plan
Understanding risk response interactions
Risk reserves
Finalizing the risk management plan

Monitoring and Control

Risk reviews
Monitoring risk status and triggers
Executing risk responses
Evaluating risk plan performance
Responding to the unexpected
Risk re-assessment
Maintaining the risk register
Communicating and reporting risk exposure to stakeholders

Risk Management at Project Closeout

Final risk review and assessment
Capturing lessons learned
Proactive management of future risks.

Program Methodology

During Operational Risk Management & Techniques Training in Ashgabat, Turkmenistan. A combination of plenary sessions to provide a common perspective to all the attendees and of breakout sessions for more detailed interactive discussion on different aspects of risk management theory and practice.

Operational Risk Management & Techniques Training

Program Date

Program Location

Program Venue

Registration Closing Date

Program Overview

Target Audience

Program Objectives

Program Contents

The Nature of Risks

Management Process

Planning

Risk Identification

Analysis

Prioritization

Risk Response Strategies

Monitoring and Control

Risk Management at Project Closeout

Program Methodology

Program Fee GBP2780

Payment Options

Fee Covers

Visa Assistance (complementary)

Participant Assessment

Airport Pickup

Accommodation

Wi-Fi

Welcome Dinner

Breakfast

Workshop Kit

Program Materials

Program Experts

Practical Activities

Lunch

Refreshments

Interactive workshop

City Map & Direction

Risalat T-shirt

Field Visit

Program Certificate

Entertaining Tour

Program Report

Registration Information

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Program Fee
GBP2780